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9.3¢ peninsula energy limited

Do we need Karoo?, page-33

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blue_horse_shoe_999

371 Posts.

28/07/15

06:58

Post #: 15703704
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Originally posted by mudguts ↑

The old chest nut of poor grade was overdue for another run, been spelled in the paddock for some time.

Surely there must be something new to discuss, not regurgitate this same old rhetoric.

Whats the actual concern about the grade?

Finish this sentence........Because it is considered 'low grade' ergo it must be............what?????????

FYI before your finish that sentence - Olympic Dam ave grade is .04% to .057%.. Rossing Namibia 0.034%, Kazakhstan 0.022%, Langer Heinrich 0.052%, South Inkai, Kazakhstan 0.013%.. how did these even get past concept stage if so poor?

What was Lance again...0.0518%,
What was Karoo again...0.1108%

I'll second Hangseng that Karoo may (will) surprise to the upside......IMO

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Very interesting comparison. I assume it is scale and accessibility to mine that makes these projects viable? Also probably that they were established/constructed/initially funded when the U price was higher, thus their marginal costs of production are lower.

PEN Price at posting: 2.6¢ Sentiment: Buy Disclosure: Not Held
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0 Great analysis

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Last 9.3¢		Change -0.002(2.11%)		Mkt cap ! $297.9M

Open	High	Low	Value	Volume
9.3¢	9.5¢	9.1¢	$713.2K	7.626M

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1	37058	9.9¢

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Price($)	Vol.	No.
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9	412774	0.092
9	992521	0.091
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Price($)	Vol.	No.
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